Post
Topic
Board Bitcoin Discussion
Re: China Has Something to Do with Bitcoin's Price Increase After All
by
error08
on 28/10/2019, 22:44:02 UTC
This is really good, but I have doubts that China will support Bitcoin.

Of course they won't support it. They may give attempting to control it or subvert it a try within China.

A Chinese bank just bought into Bitpie, the biggest Chinese Bitcoin wallet - https://en.cryptonomist.ch/2019/10/28/china-merchant-bank-buys-bitcoin-wallet/

At the very least that likely means attempting to bring Bitcoin users into their surveillance, or rather more than they do already.

Then she said;
All I can say is this to me it's a sign of begining of the nationalization of Bitcoin/Cryptocurrency related infra in  mainland

Eventually, all things can be state-owned, or at least partially (mining, ASIC, exchanges, wallets, etc etc)
Link

However, it's nothing until proven to be true. I don't buy Chinese news regarding bitcoin, they can't control it, they can't control bitcoin users although they have banned major things related to bitcoin.